Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUMS EARNED

  total $4,374,057 · related or exempt $4,374,057

• 3 · Investment income

  total $1,148,746 · excluded $1,148,746

• 7a · Gross sales of assets other than inventory

  securities $7,598,872

• 7b · Less cost or other basis and sales expenses

  securities $6,311,709

• 7c · Gain or loss

  securities $1,287,163

• 7d · Net gain or loss

  total $1,287,163 · excluded $1,287,163

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $85,035 · management and general $85,035

• 11b · Fees: legal

  total $15,621 · management and general $15,621

• 11c · Fees: accounting

  total $29,705 · management and general $29,705

• 11f · Fees: investment management

  total $12,280 · management and general $12,280

• 11g · Fees: other

  total $58,762 · program services $57,200 · management and general $1,562

• 17 · Travel

  total $28,244 · management and general $28,244

• 23 · Insurance

  total $13,878,329 · program services $13,878,329

• 24a · Other expenses: STATE TAXES

  total $18,694 · management and general $18,694

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $235,884 · end of year $2,008,174

• 4 · Accounts receivable

  end of year $4,920,453

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,482,879 · end of year $196,713

• 11 · Investments: publicly traded securities

  beginning of year $35,922,881 · end of year $30,278,982

• 17 · Accounts payable and accrued expenses

  beginning of year $304,769 · end of year $382,306

• 25 · Other liabilities

  beginning of year $20,961,271 · end of year $24,734,947

• 29 · Capital stock, trust principal or current funds

  beginning of year $100,000 · end of year $100,000

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $1,600,000 · end of year $1,600,000

• 31 · Retained earnings, endowment or other funds

  beginning of year $18,675,604 · end of year $10,587,069

The filer's explanations (Part III)

PART I, LINE 1A

AN UPGRADE TO THE NEXT AVAILABLE CLASS, E.G., BUSINESS CLASS, MAY BE PERMITTED WHEN THE FLIGHT IS OUTSIDE THE CONTINENTAL UNITED STATES OR THE FLIGHT DURATION IS IN EXCESS OF FIVE HOURS; OR AN UPGRADE TO THE NEXT AVAILABLE CLASS MAY BE PERMITTED WHEN AN OVERNIGHT ACCOMMODATION CAN BE AVOIDED.

PART I, LINE 3

CHILD DIMENSIONS INSURANCE COMPANY RELIES ON ITS MEMBER, CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON (CHMCA), TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON'S EXECUTIVE TOTAL COMPENSATION PROGRAM IS ULTIMATELY GOVERNED BY THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. AN INDEPENDENT SALARY SURVEY WAS LAST COMPLETED IN 2024.

PART I, LINES 4A-B

SHAWN LYDEN RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $207,414. THE FOLLOWING INDIVIDUALS BECAME PARTICIPANTS IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS DURING 2018, WHEREBY THEY BECOME VESTED PER THE TERMS OF THEIR EMPLOYMENT AGREEMENT. CHMCA IS ACCRUING FOR THE BENEFIT THAT WILL OCCUR, THEREFORE THESE AMOUNTS ARE INCLUDED IN THEIR DEFERRED COMPENSATION. DISTRIBUTIONS WERE MADE IN 2024 IN THE FOLLOWING AMOUNTS: ROBERT MCGREGOR M.D. - $0 CHRISTOPHER GESSNER - $0 SHAWN LYDEN - $670,742 MICHAEL BIGHAM M.D. - $150,735 LISA AURILIO - $175,998 CHMCA HAS A SUPPLEMENTAL NONQUALIFIED PLAN OPEN TO SELECTED EMPLOYEES WHEN WAGES EXCEED THE MAXIMUM THRESHOLD FOR THE QUALIFIED RETIREMENT PLANS. THE AMOUNTS ARE CALCULATED IN THE FOLLOWING YEAR OF EARNINGS AND EITHER PAID TO THE EMPLOYEE IF THEY ARE VESTED AS TAXABLE INCOME OR PUT INTO THE PLAN UNTIL VESTED AND THEN PAID.

PART I, LINE 5

CHILD DIMENSIONS INSURANCE COMPANY RELIED ON THE RELATED ORGANIZATION, CHMCA, TO ESTABLISH THE BONUSES OF THE TOP MANAGEMENT OFFICIALS. CHMCA DOES HAVE CONTRACTS WITH CERTAIN PHYSICIANS THAT EARN BONUSES BASED ON WORK RELATIVE VALUE UNITS (WRVU'S). PHYSICIANS WORK RVU: THE RELATIVE LEVEL OF TIME, SKILL, TRAINING, AND INTENSITY TO PROVIDE A GIVEN SERVICE. EACH CURRENT PROCEDURAL TERMINOLOGY (CPT) CODE IS TARGETED FOR REVIEW AT LEAST EVERY FIVE YEARS TO DETERMINE THE WORK RVU FOR A PARTICULAR SERVICE. A CODE WITH A HIGHER RVU WORK TAKES MORE TIME, MORE INTENSITY OR SOME COMBINATION OF THE TWO.

PART I, LINE 6

CHILD DIMENSIONS INSURANCE COMPANY RELIED ON THE RELATED ORGANIZATION, CHMCA, TO ESTABLISH THE BONUSES OF THE TOP MANAGEMENT OFFICIALS. CHMCA BASES A PORTION OF BONUSES ON THE NET EARNINGS OF CHMCA.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• GAMUT QUALITY IMPROVEMENT COLLABORATIVE LLC

  CONTRACT MANAGEMENT · OH

• GALLIARD BROAD MARKET CORE FUND

  INVESTMENTS · NC